Read the full judgment text of HCCW 000055/2001 on BabelCite. This High Court CFI judgment was delivered on 23 August 2001.
1. This is a petition by a Japanese company, which I will refer to as the Petitioner, to wind up a Hong Kong company, which I will refer to as the Company, on the ground that the Company is indebted to the Petitioner in the sum of HK$634,000.00 odd as a guaranteed minimum royalty under four licence agreements for the use in comic books to be published and printed by the Company of characters from certain video games, the intellectual property rights of which are owned by the Petitioner. The Stat